The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

@Tj Collins, The differences between states is limited to reporting of the sales at this time. 

Stats are all over the place.I will say that I think ours are more accurate due to the limited number of STRs in our area.

I admittedly have a bias against condos for the following reasons:1) HOAs - both a lack of control over fees and assessments, as well as potential regulation changes2) they don’t appreciate as much3) you have to work a lot harder to differentiate yourself from your neighbors. 

If you are looking to just obtain the 25% redemption rate set by the state for properties that are limited to 6 month redemptions.

This can be conventional or DSCRB) Conventional cashout refi - will need at least 6 months on title if no mortgage on the property (I think - going off of memory), 12 months seasoning if there is any kind of mortgage/lien/loan with the property; will be based on improved LTVC) DSCR cashout refi after six months of seasoning (most cases), and this will include any improved value of the property in the LTVMost cashout refi's will be limited to 80% LTV.

Current lease has size limits for both but it's time to reconsider- are size limits enough or scratch them all together?

The advantage to doing a few lots for a duplex or quad plex at a time would be it’s easier to sell a few in a limited time than 9.

If I were a voucher holding tenant, I wouldn't limit myself to only looking for homes that say "Section 8 welcome" on their applications.

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.